Ansal Housing & Construction has received a significant income tax assessment order from the Income Tax Department, resulting in a demand notice of ₹19,20,46,800 for Assessment Year 2024-25. The company disclosed this development following receipt of the official communication on 27th March, 2026.

Assessment Details and Demand Notice

The Income Tax Department's Assessment Unit issued the order under Section 143(3) read with Section 144B, followed by a consequent Notice of Demand under Section 156 of the Income-tax Act, 1961. The assessment covers the financial year corresponding to Assessment Year 2024-25.

Basis for Tax Demand

The substantial demand has arisen primarily due to several adjustments made by the Income Tax Department during the assessment proceedings. The key areas of contention include:

• Additions and disallowances made in respect of certain expenses
• Differences in income recognition practices
• Other adjustments identified during the assessment process

These adjustments reflect discrepancies between the company's tax filings and the department's interpretation of applicable tax provisions.

Company's Response and Impact Assessment

Ansal Housing & Construction has clarified that there is no immediate impact on its financial, operations or other activities owing to the Assessment Order and Notice of Demand. The company maintains confidence in its tax positions and expects a favorable outcome through the appellate process.

The company believes it will receive favorable relief from the appropriate forum when these tax adjustments are formally appealed. This indicates the company's intention to challenge the assessment order through established legal channels available under the Income Tax Act.

Next Steps

With the receipt of the demand notice, the company now has the option to pursue appellate remedies available under the Income Tax Act. The appellate process typically involves approaching the Commissioner of Income Tax (Appeals) or other appropriate forums to contest the assessment order and seek relief from the demanded amount.

Ansal Housing Limited has formally communicated to BSE Limited that it does not qualify as a Large Corporate entity under SEBI's regulatory framework, thereby exempting it from specific compliance requirements related to debt securities issuance.

Regulatory Declaration Details

The company submitted its declaration on April 14, 2026, through a formal communication to BSE Limited. The declaration specifically addresses the applicability of SEBI's Large Corporate Framework as outlined in regulatory circulars issued by the securities market regulator.

SEBI Framework Context

The declaration references two key SEBI circulars that establish the framework for fund raising through debt securities by large entities. The primary circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, was subsequently read with circular SEBI/HO/DDHS/DDHS-RACPODI/P/CIR/2023/172 dated October 19, 2023.

These circulars specifically address fund raising by issuance of debt securities by large entities and establish certain disclosure requirements and compliance obligations for companies that fall under the Large Corporate category.

Compliance Implications

Since Ansal Housing Limited does not meet the criteria for Large Corporate classification as of March 31, 2026, the company is not required to file disclosures mandated under the aforementioned SEBI circulars. This exemption relieves the company from specific regulatory obligations related to debt securities framework applicable to larger entities.

The formal declaration was signed by Shalini Talwar, serving as the company's Compliance Officer, and submitted to BSE Limited for official record-keeping purposes.